Show MAY DAY INTERESTS IN ANNUAL SESSION I Did Much Work and Came to Market With Some Good Ore EXHIBIT OF J. J E. E DARMER iu e In Nc Territory Afford Promise promise Old Old Boned Board of t Directors I Is Tie L- L J White operations at the properties c d of the May Day company dur- dur lug the year were confined largely to a development and to researches at atS greater depth leIth the tho management found S to roach the of ot the tho val val- S- S with fj for which it received as r- r much as 2 with S brought 2 2551 Sl And closed the 7 year with a cash balance amounting to To To- the latter however there Is to bo 10 added the proceeds of ol ol'S and antt S a of jf 01 0 now floW on the market markot Is positive fott which tho I- I It will receive not a cent cont loss titan than t During the same period the disbursements amounted to nil this revealed In thc tho reports that wore were submitted al at the annual gatherIng gather gather- lug Ing of shareholders tinting dining tho ho day S JS ind at which of the shares were represented In his exhibit on the physical conS condition con con- diLlon of thc tho properties Manage Manage- J. J R S S Darmer submitted the following of Manager I wish to call your at attention at- at In this 1115 report to the condition of your property's well during the current year as ac as at he the time Ume tat Last April we level v had 5 ad a shoot of ore on the some ZOO toot promise of v nu I I r j log b-log permanent hut as the tue shipments ho small one J i ed 11 It proved to a that this shoot managers manager's hone was Wa your sufficient money to reS re- re would 5 machinery which had been worn wom out S the tho shaft to deeper levels that and sink S we might explore new territory further down iho hil and nearer the contact o oi t the lime and porphyry But by june juie b we body exhausted and ami very found the tho oro little funds on hand and j with but little S prospect o of the th levels already opened up producing further shipping ore it Lt was at this and under these disheartening conditions that your board iK S f o of directors after weeks of ot deliberation decided that the oni course to pursue 1 S was was' to sufficient assessments upon t 2 your stock to sink the shaft and tho levels created s We Vc have hav durin the current year besides be be- sides Id o of the work done 5 and excavating the ore shipped none ini in inthe i c the shaft hat and drifts about feet feel of S linear work on the V 3 xo i and CiO r 4 levels with the that today we of on the COO COO- have a good tood showing ore toot root level goIng K both up and down beS be- be l e- e k the the- showing of ores oress we S have a good showing of zinc sliver ores also going up and down Also tso we have on the he foot level anI an I S encouraging showing oC ot ores If it by development continues the same samo sameI grade of ore that it has hac may l be handler I by the he management with a profit to the company comPanY- V We also have In several upraises from the foot foot level some good and sliver ores which g ves promIs prom prom- y i Is s of making Into a permanent body the tho extreme ends of those these upraises being bt- bt Ing about rO Th feet apart with ores ex- ex tending from one to tf the other still Mill I going on in both directions In closing I will say that I believe that the physical condition of your property N Is more promising for the ensuing year than for or many years past The report was received with many S manifestations manifestation of approval and with evident appreciation of ot tire the services of one who has been o n energetic In hi his endeavors and nd Is on the way to such gratifying results The election of directors resulted S In the following J. J E. E Darmer Dat Henry lienS lien Hen S ry Cohen John Campbell George KorS Kor'S Kor- Kor ncr and I. I M ti Higley the directors to S 'S convene for the election ot of of- of S 'S rs b 4 BOAS ON NEVADA S 5 Output of Properties Properties' nt at Tonopah and I Bullfrog r rr- rr 5 S SS I nt Koas San Francisco correspondent S of James A. A Pollock and Co banker and brokers this city says of the tho situation the previous weekS week The Tue Tonopah district Is In excellent S condition as ai can be he verified by or ore j merits which are a a. a follows 1 Montana tons Tonopah Mining company lff 2 tons Tonopah I Extension slon ln tons B Z tons Midway lO v tOns North Star CO tons Jim flutter 40 O lo to last Saturday morning t. t S tons UP All of those these shipments hays have greatly S Increased th's tIis week Jim r running S ao high as lid of th have shown ox- ox weakness v with iltz the of j and Red fled RedTop Top These two tco properties prop controlled by the samo their meet meet- will purely at S 'S bur big this month Their l lS Is S fl not panning out IM th well aa as expected hence lenca the small or ore shipments and fib j-fib- S of dividend the corn corn- S 'S payment rn-payment quarter All the Bullfrogs had their and have reached some phenomenally S nally high prices as compared with the 5 commencement of winter |